Infrastructure companies need to work on innovative instrument to attract global funds, says Suresh Prabhu


Infrastructure companies need to work on innovative instrument to attract global funds, says Suresh Prabhu

Stating that there is no dearth of funds, Commerce and Industry Minister Suresh Prabhu Friday said there is a need to work on innovative instrument and structure to attract global money for investment in infrastructure sector. The government is in talks with various global funds to sell India growth story, he said.

“I have talked to funds in Australia and Canada and government is trying to work with them. Uniqueness of this is that the pension funds of both Canada and Australia is more than the their national GDP,” Prabhu said at an event organised by rating agency Crisil here. The government is talking to them, he added.

“On 15th of this month, I have invited the chairman of Abu Dhabi Investment Authority, which is the largest sovereign wealth fund in the world. “They are very keen for investment in India. They feel that India is a growth story…India’s GDP is bound to rise…they want to invest in India. Read More

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